Henkel CEO Disagrees With Too Harsh Assessment Of Economic Conditions In Emerging Markets

Economic conditions and prospects in emerging markets are not as bad as some analysts and investors claim them to be, according to Henkel chief executive Kasper Rorsted. Although the slowing growth in emerging markets is right to be blamed for the slowdown in global economic growth, economic conditions in China, Brazil, and other emerging markets are not as severe as the one that happened at the end of the last millennium. With lessons learned from the Asian crisis, currencies of most developing countries are not fixed, while governments are working hard to promote and ensure economic development. While not as robust as they were years ago, emerging markets’ economy is growing between 3 and 4 percent.